Janney Montgomery Scott LLC Buys 395 Shares of Fair Isaac Corporation (NYSE:FICO)

Janney Montgomery Scott LLC raised its stake in Fair Isaac Corporation (NYSE:FICO - Free Report) by 10.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,124 shares of the technology company's stock after purchasing an additional 395 shares during the quarter. Janney Montgomery Scott LLC's holdings in Fair Isaac were worth $7,605,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Fair Isaac by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 2,903,694 shares of the technology company's stock valued at $5,781,051,000 after buying an additional 22,178 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Fair Isaac by 0.8% during the fourth quarter. JPMorgan Chase & Co. now owns 678,613 shares of the technology company's stock valued at $1,351,073,000 after buying an additional 5,371 shares during the period. Geode Capital Management LLC increased its stake in shares of Fair Isaac by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 663,035 shares of the technology company's stock valued at $1,318,630,000 after buying an additional 17,656 shares during the period. GAMMA Investing LLC increased its stake in shares of Fair Isaac by 286,768.9% during the first quarter. GAMMA Investing LLC now owns 258,182 shares of the technology company's stock valued at $476,129,000 after buying an additional 258,092 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Fair Isaac by 20.1% during the fourth quarter. Northern Trust Corp now owns 254,201 shares of the technology company's stock valued at $506,096,000 after buying an additional 42,588 shares during the period. Institutional investors own 85.75% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on FICO. Needham & Company LLC reaffirmed a "buy" rating and issued a $2,575.00 price target on shares of Fair Isaac in a research note on Friday. Jefferies Financial Group reaffirmed a "buy" rating and issued a $2,500.00 price target (up from $2,225.00) on shares of Fair Isaac in a research note on Wednesday, May 14th. Bank of America began coverage on Fair Isaac in a research note on Thursday, April 10th. They issued a "buy" rating and a $2,800.00 price target on the stock. Royal Bank Of Canada raised Fair Isaac from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $2,040.00 to $2,170.00 in a research note on Wednesday, February 26th. Finally, Barclays reduced their price target on Fair Isaac from $2,350.00 to $2,250.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $2,304.15.

Fair Isaac Price Performance

NYSE FICO traded up $44.25 during trading hours on Friday, hitting $1,807.89. The company's stock had a trading volume of 261,274 shares, compared to its average volume of 193,292. Fair Isaac Corporation has a 12 month low of $1,410.66 and a 12 month high of $2,402.52. The company's 50 day simple moving average is $1,888.42 and its two-hundred day simple moving average is $1,895.65. The company has a market cap of $44.00 billion, a P/E ratio of 77.86, a price-to-earnings-growth ratio of 2.96 and a beta of 1.29.

Fair Isaac (NYSE:FICO - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The technology company reported $7.81 EPS for the quarter, topping the consensus estimate of $7.33 by $0.48. Fair Isaac had a negative return on equity of 51.41% and a net margin of 31.36%. The company had revenue of $498.74 million during the quarter, compared to the consensus estimate of $500.45 million. During the same period last year, the company earned $6.14 EPS. Fair Isaac's revenue for the quarter was up 15.0% on a year-over-year basis. As a group, research analysts predict that Fair Isaac Corporation will post 24.15 earnings per share for the current fiscal year.

Fair Isaac declared that its Board of Directors has initiated a share buyback plan on Thursday, June 19th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to purchase up to 2.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.

Insiders Place Their Bets

In other Fair Isaac news, CFO Steven P. Weber sold 1,000 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $1,738.25, for a total value of $1,738,250.00. Following the transaction, the chief financial officer now directly owns 1,862 shares of the company's stock, valued at approximately $3,236,621.50. This trade represents a 34.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO William J. Lansing sold 2,956 shares of the firm's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $1,761.13, for a total value of $5,205,900.28. Following the completion of the transaction, the chief executive officer now directly owns 42,138 shares in the company, valued at $74,210,495.94. The trade was a 6.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,851 shares of company stock valued at $40,543,770. Insiders own 3.46% of the company's stock.

Fair Isaac Company Profile

Fair Isaac Corporation develops analytic, software, and digital decisioning technologies and services that enable businesses to automate, enhance, and connect decisions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Scores and Software. The Software segment provides pre-configured analytic and decision management solution designed for various business needs or processes, such as account origination, customer management, customer engagement, fraud detection, financial crimes compliance, and marketing, as well as associated professional services.